INDEC will share October inflation data and there is great expectation

He INDEC will share the inflation data for the month of October and there is great expectation among government officials that there will be a decrease that, although slight, would be a sign of the recovery that the government hopes for in terms of prices of goods and services.

He INDEC will share this Tuesday the information relevant to last month’s inflation and many analysts indicate that there is great optimism in the figures, since a quite interesting number is expected. The government could establish an index that, according to many users, is not reflected on the street.

According to the first surveys, the inflation number for the month of October is expected to be around 3%. The most optimistic and close to the government warn that it could pierce the previously mentioned number and be around 2.7%.

Let us remember that in the month of September the inflation was 3.5%, adding 101.6% year-on-year. For its part, the CPI in the city of Buenos Aires reached 3.2%, but it is understood that the cost of living is higher than the rest of the country, so it is expected to be lower in the rest of the provinces.

INDEC will share October inflation data and there is great expectation

However, the slowdown in inflation is not experienced on the street, because many services and goods increased above the projected rates due to strong speculation by merchants and food producers in particular.

With the announcement of inflation, the government will celebrate another consecutive month that many consider virtual. The constant increases in fuel prices undermine any minimal decrease in inflation, as they increase again due to freight and transportation.

INDEC will share October inflation data and there is great expectation

The reality

He INDEC will provide the inflation data for the month of October amidst great expectations on the part of the national government, which has placed zero deficit and the decline in inflation as its banner. However, the general population is incredulous about this, because fuel prices have increased, which increases the transportation of food and therefore the price.

Analysts indicate that there will be a strong increase in the values of goods and services towards the end of the year, which is historic, but will not have the impact it had in previous years. It is known that sales in many areas have decreased alarmingly, so compensation must be made to avoid greater losses.

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